Dow Jones: 25,146.39 pts (+346.41pts, +1.40%)
U.S. stockmarkets rose sharply higher overnight as the Dow jumped 1.4% to close above the 25,000 psychological level after concern over trade war diminished as China was offered to purchase some US$70.0 bln worth of U.S. goods. The immediate resistance is located at 25,500.

FBM KLCI: 1,777.13 pts (+21.99pts, +1.25%)
The FBM KLCI closed sharply higher yesterday, boosted by strong buying interest in selected index heavyweights. The immediate resistance is located at 1,800.

Crude Palm Oil: RM2,394 (-RM8, -0.33%)
Crude palm oil prices retreated for the third straight session on concern over export demand. The immediate support is envisaged around RM2,360.

WTI Crude Oil: $64.73 (-$0.79, -1.21%)
Crude oil prices retreated amid the unexpected increase in U.S. inventories. The immediate support is located at US$62.

Gold: $1,296.40 ($0.00, 0.00%)
Gold prices closed on a flat note, as it continues to trade within a rangebound manner. The immediate support will be pegged around US$1,260.

Economic Releases:
JP - Japan's 1Q2018 GDP Growth Rate, 7.50AM

Bursa Malaysia Trade Statistics - 6 Jun 18
Institutions:  Net BUY 114.8 mln (52.0%)
Retail:  Net BUY 19.4 mln (24.3%)
Foreign:  Net SELL 134.2 mln (23.7%)

Potential Momentum Stocks - 7 Jun 18 
Stock Name: MBSB (1171)
Entry: Buy above RM1.22
Target: RM1.31 (7.4%), RM1.38 (13.1%)
Stop: RM1.14 (-6.6%)
Shariah: No
Technical: Monitor for breakout

Stock Name: KPSCB (9121)
Entry: Buy above RM0.68
Target: RM0.735 (8.1%), RM0.75 (10.3%)
Stop: RM0.63 (-7.4%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Source: Bloomberg, M+ Online

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